“2012 represents an important juncture, with the unveiling of the new
Dassault Systèmes, the 3DEXPERIENCE Company, and the launching of
our Social Industry Experience strategy. It was a year of unprecedented
transformation within the Company in order to best position us to access
a market sized at $32 billion, doubling the current addressable market,” commented
Bernard Charlès, Dassault Systèmes President and Chief Executive Officer.
“We successfully launched value-driven Industry Solutions Experience to
cover key client processes across the different industries we address.”

“The reception of 3DEXPERIENCE as the next Company horizon was
very good, with key customers wins to illustrate it. In addition, thanks
to our indirect channels capacity extension, we won 20,000 new customers
in 2012, a record so far, and thanks to our brands, we reached 10
million users.”

“Finally, 2012 was also a record year financially for both revenue
and earnings. We crossed the €2 billion revenue milestone thanks to
non-IFRS software revenue growth of 10% in constant currencies
and delivered non-IFRS earnings per share growth of 15%, demonstrating
our ability to execute on our ambitious roadmap for the future while
also maintaining a strong operational focus.”

2012 Fourth Quarter Financial Summary

(unaudited)

In millions of Euros, except per share data

IFRS

Non-IFRS

Change

Change in cc*

Change

Change in cc*

Q4 Total Revenue

563.5

10%

7%

568.2

11%

8%

Q4 Software Revenue

510.8

11%

8%

515.5

12%

9%

Q4 EPS

0.76

12%

1.02

17%

Q4 Operating Margin

27.9%

34.7%

In millions of Euros

IFRS

Non-IFRS

Q4 2012

Q4 2011

Change in cc*

Q4 2012

Q4 2011

Change in cc*

Total Revenue

563.5

512.1

7%

568.2

512.1

8%

Software Revenue

510.8

462.1

8%

515.5

462.1

9%

Services and other Revenue

52.7

50.0

3%

52.7

50.0

3%

PLM software Revenue

407.4

371.0

7%

412.1

371.0

8%

SOLIDWORKS software Revenue

103.4

91.1

11%

103.4

91.1

11%

Americas

152.6

135.7

8%

154.0

135.6

9%

Europe

265.8

251.3

5%

266.7

251.4

5%

Asia

145.1

125.1

12%

147.5

125.1

14%

*In constant currencies.

Revenue results for the fourth quarter were well in line with the
Company’s expectations, evidenced by a mixed economic climate as
reflected in lower seasonal growth in new licenses revenue and also
reflected a strong year-ago comparison, notably for Europe.

Total revenue grew 7% (IFRS) and 8% (non-IFRS) in constant currencies.
By region and in constant currencies, non-IFRS revenue growth was
highest in Asia, up 14%, led by Japan, Korea and China. In the
Americas, non-IFRS revenue increased 9% year on year through growth in
both North America and Latin America. Non-IFRS revenue growth in
Europe of 5% was led by Germany and France.

Software revenue increased 8% (IFRS) and 9% (non-IFRS), with recurring
revenue up 10% (IFRS) and 11% (non-IFRS) and new licensing revenue up
3%. Recurring revenue is comprised of maintenance and rental
licensing, the latter being up 20%. Regionally, new licenses revenue
growth was strongest in Asia while rental licensing activity was
strongest in Europe and the Americas (All growth comparisons are in
constant currencies).

IFRS operating income increased 16% to €157.0 million and IFRS
earnings per diluted share increased 12% to €0.76. Non-IFRS earnings
per diluted share increased 17% to €1.02 on operating income growth of
18% and the non-IFRS operating margin was 34.7% compared to 32.8% in
the year-ago period.

PLM software revenue increased 7% (IFRS) and 8% (non-IFRS). Non-IFRS
PLM software revenue growth was led by Other PLM, with strong
performances by SIMULIA, DELMIA and 3DVIA up double-digits and
including the addition of Gemcom. CATIA software revenue increased 1%.
ENOVIA software revenue growth was flat (All growth comparisons are in
constant currencies).

IFRS and non-IFRS total revenue increased 9% primarily driven by
software revenue growth of 9% (IFRS) and 10% (non-IFRS), respectively.
Software revenue represented 91% of total revenue. Services and other
revenue increased 7% and the services gross margin improved to 5.7%.
2012 results include the acquisition of Gemcom and the divestiture of
Transcat PLM GmbH. Excluding the six-month impact of the Gemcom
acquisition as well as the sale of Transcat PLM GmbH, Dassault
Systèmes non-IFRS revenue growth would have been 8% (All growth
comparisons are in constant currencies).

Regionally, Asia was the best performing with non-IFRS revenue
increasing 14%, reflecting a further return to investment by Japanese
customers and strong growth in China and Korea. Despite the impact of
the macro-environment softening which began to affect regional results
in Europe in the third quarter, full year performance was solid with
revenue higher by 8%, led by Germany and France. In the Americas,
there were a number of important wins and contract renewals during the
year in the Company’s PLM sales channels and good growth in its
Professional channel leading to a 7% increase in total revenue for
that region. High growth countries posted 16% revenue growth on broad
strength (All growth comparisons are in constant currencies).

New business activity was reflected in both new licenses revenue and
rental licensing revenue which recorded a 17% growth and is a
component of recurring software revenue. IFRS and non-IFRS new
licenses revenue increased 9% in constant currencies with new licenses
revenue highest in Asia, followed by Europe and the Americas. SIMULIA,
CATIA and SOLIDWORKS reported strong new licenses revenue growth.

Net income per diluted share increased 14% to €2.66 (IFRS) and 15% to
€3.37 (non-IFRS) per share. Growth in IFRS and non-IFRS earnings per
share reflected higher revenue, operating margin expansion and growth
in financial income offset in part by a higher effective tax rate.

SOLIDWORKS software revenue increased 12% in constant currencies on
sales of its design suite as well as sales of product data management,
simulation, and on increased sales capacity. New SOLIDWORKS commercial
seats licensed increased 11% to a record 52,987 seats. 2012 also marks
a major new milestone with more than two million total SOLIDWORKS
commercial and educational seats sold to date.

Cash Flow and Other Financial Highlights

For 2012, net operating cash flow increased 26% to €566.3 million,
compared to €450.9 million for 2011, reflecting net income growth and
working capital improvement.

During 2012 the Company completed cash acquisitions of €281.5 million,
net of cash acquired; repaid €200 million in borrowings; disbursed cash
dividends of €87.8 million; received cash of €98.7 million for stock
options exercised and completed share repurchases in the amount of €75.1
million; and made additions to property, equipment and intangibles of
€40.7 million.

The Company’s net financial position was €1.28 billion at December 31,
2012, compared to €1.15 billion at December 31, 2011, and was comprised
of cash, cash equivalents and short-term investments less long-term debt
and less in 2011, the €200 million debt which was repaid in 2012 with
cash on hand.

Dassault Systèmes Launches a New Industry Solution Experience:
“Winning Program” for Aerospace and Defense. “Winning Program”
enables innovative A&D companies to effectively perform front end
business activities defining new offers and/or win new business and
comprehensively execute the requisite system engineering choices and
associated trade studies.

Transportation & Mobility:

Dassault Systèmes’ 3DEXPERIENCE Platform Used on Visteon’s e-Bee
Vehicle Concept Project. Thisnew solution helps boost
innovation with “Social Cloud.” Visteon Corporation, a leading
automotive global supplier, is applying the 3DEXPERIENCE
platform’s 3DSwYm social application on the cloud to its recently
unveiled e-Bee vehicle concept. The use of 3DSwYm’s social, cloud-based
community environment helped Visteon quickly develop innovative new
concepts for this demonstration vehicle in its product areas of climate,
interior and electronics. Visteon achieved efficiency gains in the
development process, while reducing early prototype costs. Visteon also
applied the 3DSwYm application to co-create with strategic customers and
key supplier/partners on the e-Bee project.

Consumer Goods – Retail:

Dassault Systèmes is named a Leader in Innovation, Capabilities,
Functionality and Offering in IDC’s 2012 Retail MarketScape Survey. Dassault
Systèmes’ 3DEXPERIENCE platform for Consumer Goods and Retail
companies provides organizations with applications needed to collaborate
and create the products that will inspire the purchase decision – and to
better deliver customer satisfaction all the way through the selling
experience.

Life Sciences:

Dassault Systèmes’ 3DEXPERIENCE Platform Adopted by Olympus
Technologies Singapore to Accelerate Medical Device Time to Market - Olympus
Technologies Singapore Pte Ltd, a leading endoscope manufacturer, has
selected Dassault Systèmes’ 3DEXPERIENCE platform for the
development of its medical devices. The new “Licensed to Cure” industry
solution experience will be deployed to create a single environment,
eliminating scattered processes and data, and “embedding” regulations as
an asset, optimizing quality and compliance.

Dassault Systèmes acquired SquareClock, an innovative start-up providing
cloud-based, SaaS-delivered 3D, space planning solutions for
residential, professional and shop design purposes. SquareClock has
developed a next generation 3D platform for online and onsite marketing
to transform the complexity of technical, business and marketing best
practices into highly realistic, playful and simple user interactions.

Business Outlook

Thibault de Tersant, Senior Executive Vice President and CFO, commented,
“All in all, 2012 turned out to be a year of solid growth with both
non-IFRS software revenue and non-IFRS earnings per share increasing
double-digits. Our non-IFRS operating margin expanded 120 basis points
to 31.6%, while at the same time raising our Company brand visibility
through the global advertising campaign, as well as expanding our
resources, with employee growth of about 6%. We enjoyed a healthy new
business dynamic visible in both our new licenses and rental software
growth, although as anticipated, we clearly noted a progressively weaker
market environment during the second half of the year.

“As we enter 2013, our initial non-IFRS revenue growth objective for
the year of 5-7% in constant currencies is similar to our initial 2012
objective. It assumes that the macro-environment would remain soft
across the whole year and therefore would be weaker than the 2012 first
half. Recurring software revenue growth is expected to continue to
demonstrate a relatively good dynamic. Our operating margin and EPS
objectives assume continued organic investments and also assume
significant currency headwinds, and would need to be adjusted to reflect
potential new acquisitions in support of our strategy.”

The Company’s initial 2013 financial objectives are as follows:

First quarter 2013 non-IFRS total revenue objective of about €470 to
€480 million, growing 5% to 7% excluding currency effects, non-IFRS
operating margin of about 28– 29% and non-IFRS EPS of about €0.71 to
€0.76;

2013 non-IFRS operating margin of about 32%, up slightly compared to
2012;

2013 non-IFRS EPS range of about €3.45 to €3.60, representing growth
of about 2% to 7%;

Objectives are based upon exchange rate assumptions for the 2013 first
quarter and full year of US$1.40 per €1.00 and JPY120 per €1.00.

The Company’s objectives are prepared and communicated only on a
non-IFRS basis and are subject to the cautionary statement set forth
below.

The 2013 non-IFRS objectives set forth above do not take into account
the following accounting elements and are estimated based upon the 2013
currency exchange rates above: 2013 deferred revenue write-downs
estimated at approximately €4 million, share-based compensation expense
estimated at approximately €35 million and amortization of acquired
intangibles estimated at approximately €94 million. The above objectives
do not include any impact from other operating income and expense, net.
Further, these estimates do not include any new stock option or
performance share grants, or any new acquisitions or restructurings
completed after February 7, 2013.

Today’s Webcast and Conference Call Information

Today, Thursday, February 7, 2013, Dassault Systèmes will first host a
meeting in Paris, which will be simultaneously webcasted at 10:00 AM
London time/11:00 AM Paris time and will then host a conference call at
9:00 AM New York time/ 2:00 PM London time/3:00 PM Paris time. The
webcasted meeting and conference call will be available via the Internet
by accessing http://www.3ds.com/company/finance/.
Please go to the website at least 15 minutes prior to the webcast or
conference call to register, download and install any necessary audio
software. The webcast and conference call will be archived for 30 days.

Statements herein that are not historical facts but express expectations
or objectives for the future, including but not limited to statements
regarding the Company’s non-IFRS financial performance objectives, are
forward-looking statements.

Such forward-looking statements are based on Dassault Systèmes
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results or performances may differ
materially from those in such statements due to a range of factors. If
global economic and business conditions continue to be volatile or
deteriorate, the Company’s business results may not develop as currently
anticipated and may decline below their earlier levels for an extended
period of time. Furthermore, due to factors affecting sales of the
Company’s products and services, there may be a substantial time lag
between any change in global economic and business conditions and its
impact on the Company’s business results.

In preparing such forward-looking statements, the Company has in
particular assumed an average US dollar to euro exchange rate of US$1.40
per €1.00 and an average Japanese yen to euro exchange rate of JPY120 to
€1.00 for the 2013 first quarter and full year; however, currency values
fluctuate, and the Company’s results of operations may be significantly
affected by changes in exchange rates. The Company’s actual results or
performance may also be materially negatively affected by changes in the
current global economic context, difficulties or adverse changes
affecting its partners or its relationships with its partners, changes
in exchange rates, new product developments, and technological changes;
errors or defects in its products; growth in market share by its
competitors; and the realization of any risks related to the integration
of any newly acquired company, in particular related to the integration
of Gemcom Software International and internal reorganizations.
Unfavorable changes in any of the above or other factors described in
the Company’s regulatory reports, including the 2011 Document de
référence, and 2012 Half Year Financial Report, which were filed
with the French Autorité des Marchés Financiers (AMF) on March
29, 2012, and July 27, 2012, respectively, could materially affect the
Company’s financial position or results of operations.

Estimated results

Readers are cautioned that the results and financial data presented in
this press release are “estimated data” according to the 2004-04
Position “Communications on estimated financial data” of the AMF updated
on August 1, 2012. The approval of the 2012 financial statements will be
submitted to the Board of Directors scheduled at the end of March 2013.

Non-IFRS Financial Information

Readers are cautioned that the supplemental non-IFRS information
presented in this press release is subject to inherent limitations. It
is not based on any comprehensive set of accounting rules or principles
and should not be considered as a substitute for IFRS measurements.
Also, the Company’s supplemental non-IFRS financial information may not
be comparable to similarly titled non-IFRS measures used by other
companies. Further specific limitations for individual non-IFRS
measures, and the reasons for presenting non-IFRS financial information,
are set forth in the Company’s annual report for the year ended December
31, 2011 included in the Company’s 2011 Document de référence and
the 2012 Half Year Financial Report filed with the AMF on March 29,
2012, and July 27, 2012, respectively.

In the tables accompanying this press release the Company sets forth its
supplemental non-IFRS figures for revenue, operating income, operating
margin, net income and diluted earnings per share, which exclude the
effect of adjusting the carrying value of acquired companies’ deferred
revenue, stock-based compensation expense and related social charges,
the expenses for the amortization of acquired intangible assets, other
income and expense, net, certain one-time items included in financial
revenue and other, net, and the income tax effect of the non-IFRS
adjustments and certain one-time tax effects in 2012. The tables also
set forth the most comparable IFRS financial measure and reconciliations
of this information with non-IFRS information.

Information in Constant Currencies

When the Company believes it would be helpful for understanding trends
in its business, the Company provides percentage increases or decreases
in its revenue (in both IFRS as well as non-IFRS) to eliminate the
effect of changes in currency values, particularly the U.S. dollar and
the Japanese yen, relative to the euro. When trend information is
expressed herein "in constant currencies", the results of the "prior"
period have first been recalculated using the average exchange rates of
the comparable period in the current year, and then compared with the
results of the comparable period in the current year.

About Dassault Systèmes

Dassault Systèmes, the 3DEXPERIENCE Company, provides business
and people with virtual universes to imagine sustainable innovations.
Its world-leading solutions transform the way products are designed,
produced, and supported. Dassault Systèmes’ collaborative solutions
foster social innovation, expanding possibilities for the virtual world
to improve the real world. The group brings value to over 170,000
customers of all sizes, in all industries, in more than 140 countries.
For more information, visit www.3ds.com.

CATIA, SOLIDWORKS, SIMULIA, DELMIA, ENOVIA, GEOVIA, EXALEAD,
NETVIBES, 3DSWYM and 3DVIA are registered trademarks of Dassault
Systèmes or its subsidiaries in the US and/or other countries.

Readers are cautioned that the supplemental non-IFRS information
presented in this press release is subject to inherent limitations. It
is not based on any comprehensive set of accounting rules or principles
and should not be considered as a substitute for IFRS measurements.
Also, the Company’s supplemental non-IFRS financial information may not
be comparable to similarly titled non-IFRS measures used by other
companies. Further specific limitations for individual non-IFRS
measures, and the reasons for presenting non-IFRS financial information,
are set forth in the Company’s Document de référence for the year
ended December 31, 2011 filed with the AMF on March 29, 2012. To
compensate for these limitations, the supplemental non-IFRS financial
information should be read not in isolation, but only in conjunction
with the Company’s consolidated financial statements prepared in
accordance with IFRS.

In millions of Euros, except per share data and percentages

Three months ended December 31,

Change

2012IFRS

Adjustment(1)

2012non-IFRS

2011IFRS

Adjustment(1)

2011non-IFRS

IFRS

Non-IFRS(2)

Total Revenue

€ 563.5

4.7

€ 568.2

€ 512.1

10%

11%

Total Revenue breakdown by activity

Software revenue

510.8

4.7

515.5

462.1

11%

12%

New Licenses

164.6

155.4

6%

Product Development

1.3

0.7

Periodic Licenses and Maintenance

344.9

4.7

349.6

306.0

13%

14%

Recurring portion of Software revenue

68%

68%

66%

Services and other revenue

52.7

50.0

5%

Total Software Revenue breakdown by product line

PLM software revenue

407.4

4.7

412.1

371.0

10%

11%

of which CATIA software revenue

229.2

220.2

4%

of which ENOVIA software revenue

72.9

70.7

3%

of which Other PLM software revenue

105.3

4.7

110.0

80.1

31%

37%

SOLIDWORKS software revenue

103.4

91.1

14%

Total Revenue breakdown by geography

Americas

152.6

1.4

154.0

135.7

(0.1)

135.6

12%

14%

Europe

265.8

0.9

266.7

251.3

0.1

251.4

6%

6%

Asia

145.1

2.4

147.5

125.1

16%

18%

Total Operating Expenses

(€ 406.5)

35.7

(€ 370.8)

(€ 376.4)

32.2

(€ 344.2)

8%

8%

Stock-based compensation expense

(8.3)

8.3

-

(6.0)

6.0

-

-

-

Amortization of acquired intangibles

(25.0)

25.0

-

(21.1)

21.1

-

-

-

Other operating income and expense, net

(2.4)

2.4

-

(5.1)

5.1

-

-

-

Operating Income

€ 157.0

40.4

€ 197.4

€ 135.7

32.2

€ 167.9

16%

18%

Operating Margin

27.9%

34.7%

26.5%

32.8%

Financial revenue & other, net

6.2

0.1

6.3

(5.1)

4.3

(0.8)

(222%)

(888%)

Income tax expense

(65.6)

(7.9)

(73.5)

(45.2)

(12.9)

(58.1)

45%

27%

Non-controlling interest

(1.8)

0.0

(1.8)

(0.7)

0.1

(0.6)

157%

200%

Net Income attributable to shareholders

€ 95.8

32.6

€ 128.4

€ 84.7

23.7

€ 108.4

13%

18%

Diluted Net Income Per Share (3)

€ 0.76

0.26

€ 1.02

€ 0.68

0.19

€ 0.87

12%

17%

(1) In the reconciliation schedule above, (i) all adjustments to IFRS
revenue data reflect the exclusion of the deferred revenue adjustment of
acquired companies; (ii) adjustments to IFRS operating expense data
reflect the exclusion of the amortization of acquired intangibles,
share-based compensation expense and related social charges, and other
operating income and expense, (iii) adjustments to IFRS financial
revenue and other, net reflect the exclusion of certain one-time items
included in financial revenue and other, net, and (iv) all adjustments
to IFRS income data reflect the combined effect of these adjustments,
plus with respect to net income and diluted net income per share, the
income tax effect of the non-IFRS adjustments and certain one-time tax
effects in 2012.

In millions of Euros

Three months ended December 31,

2012 IFRS

Adjustment

2012non-IFRS

2011 IFRS

Adjustment

2011non-IFRS

Cost of revenue

(73.3)

(0.3)

(73.6)

(66.4)

0.2

(66.2)

Research and development

(91.2)

1.5

(89.7)

(88.6)

2.9

(85.7)

Marketing and sales

(169.8)

2.5

(167.3)

(148.2)

1.5

(146.7)

General and administrative

(44.8)

4.6

(40.2)

(47.0)

1.4

(45.6)

Total stock-based compensation expense

8.3

6.0

(2) The non-IFRS percentage increase (decrease) compares non-IFRS
measures for the two different periods. In the event there is non-IFRS
adjustment to the relevant measure for only one of the periods under
comparison, the non-IFRS increase (decrease) compares the non-IFRS
measure to the relevant IFRS measure.

(3) Based on a weighted average 126.4 million diluted shares for Q4 2012
and 124.0 million diluted shares for Q4 2011.

Readers are cautioned that the supplemental non-IFRS information
presented in this press release is subject to inherent limitations. It
is not based on any comprehensive set of accounting rules or principles
and should not be considered as a substitute for IFRS measurements.
Also, the Company’s supplemental non-IFRS financial information may not
be comparable to similarly titled non-IFRS measures used by other
companies. Further specific limitations for individual non-IFRS
measures, and the reasons for presenting non-IFRS financial information,
are set forth in the Company’s Document de référence for the year
ended December 31, 2011 filed with the AMF on March 29, 2012. To
compensate for these limitations, the supplemental non-IFRS financial
information should be read not in isolation, but only in conjunction
with the Company’s consolidated financial statements prepared in
accordance with IFRS.

In millions of Euros, except per share data and percentages

Twelve months ended December 31,

Change

2012IFRS

Adjustment(1)

2012non-IFRS

2011IFRS

Adjustment(1)

2011non-IFRS

IFRS

Non-IFRS(2)

Total Revenue

€ 2,028.3

10.2

€ 2,038.5

€ 1,783.0

0.5

€ 1,783.5

14%

14%

Total Revenue breakdown by activity

Software revenue

1,843.2

10.2

1,853.4

1,616.9

0.5

1,617.4

14%

15%

New Licenses

532.3

465.0

14%

Product Development

6.5

3.8

Periodic Licenses and Maintenance

1,304.4

10.2

1,314.6

1,148.1

0.5

1,148.6

14%

14%

Recurring portion of Software revenue

71%

71%

71%

71%

Services and other revenue

185.1

166.1

11%

Total Software Revenue breakdown by product line

PLM software revenue

1,440.0

10.2

1,450.2

1,275.9

0.5

1,276.4

13%

14%

of which CATIA software revenue

827.2

762.4

0.5

762.9

8%

8%

of which ENOVIA software revenue

258.5

229.9

12%

of which Other PLM software revenue

354.3

10.2

364.5

283.6

25%

29%

SOLIDWORKS software revenue

403.2

341.0

18%

Total Revenue breakdown by geography

Americas

564.3

3.0

567.3

488.8

15%

16%

Europe

908.9

2.0

910.9

827.1

0.2

827.3

10%

10%

Asia

555.1

5.2

560.3

467.1

0.3

467.4

19%

20%

Total Operating Expenses

(€ 1,527.3)

133.1

(€ 1,394.2)

(€ 1,355.1)

114.2

(€ 1,240.9)

13%

12%

Stock-based compensation expense

(36.8)

36.8

-

(20.7)

20.7

-

-

-

Amortization of acquired intangibles

(93.7)

93.7

-

(83.6)

83.6

-

-

-

Other operating income and expense, net

(2.6)

2.6

-

(9.9)

9.9

-

-

-

Operating Income

€ 501.0

143.3

€ 644.3

€ 427.9

114.7

€ 542.6

17%

19%

Operating Margin

24.7%

31.6%

24.0%

30.4%

Financial revenue & other, net

18.1

(7.4)

10.7

1.1

(2.4)

(1.3)

1545%

(923%)

Income tax expense

(180.3)

(46.2)

(226.5)

(138.5)

(39.1)

(177.6)

30%

28%

Non-controlling interest

(4.0)

0.0

(4.0)

(1.3)

(0.3)

(1.6)

208%

150%

Net Income attributable to shareholders

€ 334.8

89.7

€ 424.5

€ 289.2

72.9

€ 362.1

16%

17%

Diluted Net Income Per Share (3)

€ 2.66

0.71

€ 3.37

€ 2.33

0.59

€ 2.92

14%

15%

(1) In the reconciliation schedule above, (i) all adjustments to IFRS
revenue data reflect the exclusion of the deferred revenue adjustment of
acquired companies; (ii) adjustments to IFRS operating expense data
reflect the exclusion of the amortization of acquired intangibles,
share-based compensation expense and related social charges, and other
operating income and expense, (iii) adjustments to IFRS financial
revenue and other, net reflect the exclusion of certain one-time items
included in financial revenue and other, net, and (iv) all adjustments
to IFRS income data reflect the combined effect of these adjustments,
plus with respect to net income and diluted net income per share, the
income tax effect of the non-IFRS adjustments and certain one-time tax
effects in 2012.

Twelve months ended December 31,

In millions of Euros

2012 IFRS

Adjustment

2012non-IFRS

2011 IFRS

Adjustment

2011non-IFRS

Cost of revenue

(267.0)

0.6

(266.4)

(249.4)

0.6

(248.8)

Research and development

(368.1)

14.2

(353.9)

(329.3)

10.1

(319.2)

Marketing and sales

(632.6)

11.0

(621.6)

(535.3)

5.5

(529.8)

General and administrative

(163.3)

11.0

(152.3)

(147.6)

4.5

(143.1)

Total stock-based compensation expense

36.8

20.7

(2) The non-IFRS percentage increase (decrease) compares non-IFRS
measures for the two different periods. In the event there is non-IFRS
adjustment to the relevant measure for only one of the periods under
comparison, the non-IFRS increase (decrease) compares the non-IFRS
measure to the relevant IFRS measure.

(3) Based on a weighted average 125.9 million diluted shares for 2012
and 124.0 million diluted shares for 2011.

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